INTERMEDIATE ACCOUNTING(LL-W/WILEY+)
17th Edition
ISBN: 9781119598589
Author: Kieso
Publisher: WILEY
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Question
Chapter 9, Problem 16Q
To determine
Retail inventory method: This is one of the methods of determining the ending inventory. This method requires the retailer to keep a record of the total cost and the retail value of the goods purchased and available for sale.
To prepare: To prepare an illustration in the way which retail inventory method reduces the inventory to market value.
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Chapter 6 Merchandise Inventory; Author: Vicki Stewart;https://www.youtube.com/watch?v=DnrcQLD2yKU;License: Standard YouTube License, CC-BY
Accounting for Merchandising Operations Recording Purchases of Merchandise; Author: Socrat Ghadban;https://www.youtube.com/watch?v=iQp5UoYpG20;License: Standard Youtube License